Thunder Mountain Gold (OTCMKTS:THMG) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Thunder Mountain Gold Inc. (OTCMKTS:THMG) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.79 and traded as low as $0.77. Thunder Mountain Gold shares last traded at $0.78, with a volume of 46,400 shares changing hands.

Thunder Mountain Gold Price Performance

The stock has a market capitalization of $72.74 million, a PE ratio of -19.50 and a beta of 0.44. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.15. The company’s 50 day simple moving average is $0.75 and its 200 day simple moving average is $0.79.

Thunder Mountain Gold (OTCMKTS:THMG) last issued its quarterly earnings results on Tuesday, May 12th. The basic materials company reported ($0.01) earnings per share for the quarter.

About Thunder Mountain Gold

Thunder Mountain Gold, Inc explores for and develops mining properties in Nevada and Idaho, the United States. It explores for zinc, silver, gold, and copper deposits, as well as base metals and other commodities. The company holds interests in the South Mountain property that includes 18 patented mining claims covering an area of approximately 346 acres; 36 acres of private land; 21 unpatented mining lode claims covering an area of approximately 290 acres; leased private land covering approximately 489 acres; and private land not contiguous with the mining claims covering an area of 360 acres located in the South Mountain Mining District, Owyhee County, Idaho.